IASB Legislative Report 102-38

  • Date Posted
    March 25, 2022
  • Category
    Legislative Update

General Assembly Address Current Fiscal Year Spending 

Before crafting the Fiscal Year 2023 budget, the Democratic Majority of the Illinois General Assembly worked with Governor Pritzker to address several outstanding budget issues. The opinion of whether those issues were resolving real problems or just passing on the cost to Illinois employers took a decidedly partisan tone. Democrats supported Senate Bill 2803(Opens in a new window) (Holmes, D-Aurora) and Republicans voted against the measure.
The spending package in SB 2803 included $2.7 billion for the underfunded Unemployment Insurance trust fund from Federal American Rescue Plan Act. Democrats argued that $2.7 billion for the Unemployment Insurance trust fund was a boost to a fund that is underfunded because of historically large claims due to the COVID-19 pandemic. On the other side of the aisle, Republicans argued not fully closing the backlog to the fund was a quasi-tax on employers who will be responsible for closing the gap in the fund.
Senate Bill 2803 also includes Illinois generated General Revenue Funds to pay down $900 million in state employee health insurance costs, an additional $300 million payment to the state pension funds, and $230 million to cover outstanding liabilities for College Illinois.
With two weeks to go before scheduled adjournment, only a few bills have been sent to the governor’s desk. If your school district has questions, concerns, or praise for any outstanding pieces of legislation, now is the time to reach out to members of the Illinois General Assembly. IASB will continue to keep you informed of important legislative action as it unfolds over the next two weeks.

Read more about education-related bills approved by House and Senate Committees in the complete IASB Legislative Report 102-38.